MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT
(SHRI SANTOSH KUMAR GANGWAR)
(a): Amendment of the Employees’ Pension Scheme is a continuous process and is done as and when necessitated in consultation with stakeholders.
(b): Due to financial constraints in increase in Government share under Employees’ Pension Scheme (EPS), 1995 and to maintain sustainability of the Employees’ Pension Fund, the recommendations of the Koshiyari Committee have not been accepted. However, the Government has started providing a minimum pension of Rs. 1000/- per month to the pensioners under EPS, 1995 from 01.09.2014.
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(c): A pilot scheme to extend medical benefits to Employees’ Pension Scheme (EPS) 1995 pensioners drawing minimum pension upto Rs. 1000/- per month under EPS, 1995 and residing in Delhi has been drafted. The Scheme would be optional to those pensioners who give their willingness for deduction of Rs.100/- per month from and out of their pension disbursed on monthly basis.
(d) to (f): Representations are received from individual EPS, 1995 pensioners as well as pensioners associations raising various demands like:
(i) To increase the minimum pension to Rs. 2000/ Rs. 3000/Rs. 7500 per month.
(ii) To link the monthly pension with cost of living index.
(iii) Restoration of commuted value of pension.
(iv) Re-introduction of the provision of commutation of pension.
(v) Restoration of the provision of Return of Capital.
(vi) Reduction in the period for calculation of monthly average pensionable salary from 60 months to 12 months.
(vii) Payment of pension on Higher Wages to employees of exempted establishments.
Various representations received were placed before the High Empowered Monitoring Committee constituted by the Government of India for complete evaluation and review of EPS 1995. The committee has submitted its report on 21.12.2018 to the Government.
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